Academic Training:

Arizona State University Ph.D. 1992 Economics
Arizona State University B.S. 1987 Economics

Teaching Experience:

University of Texas at Arlington Professor of Economics 2008-present
University of Texas at Arlington Associate Professor of Economics 1998-2008
University of Texas at Arlington Assistant Professor of Economics 1992-1998
Arizona State University Research Assistant 1987-92
Arizona State University Instructor 1989-92

Refereed Articles Published in Academic Journals

Crowder, William J. and Chanwit Phengpis, "A Re-Examination of International Inflation Convergence Over the Modern Float.," Journal of International Financial Markets, Institutions & Money, 2007, vol. 17, issue 2, 125-139.

Crowder, William J., "The Interaction of Monetary Policy and Stock Returns," Journal of Financial Research, Winter 2006, Vol. XXIX, No. 4, p.523-535 .

Crowder, William J. and Chanwit Phengpis, "Stability of the S&P 500 Futures Market Efficiency Conditions," Applied Financial Economics, 2005, 15, 855-866.

Crowder, William J. and S. Young Chung, "Why Are Real Interest Rates Not Equalized Internationally?," Southern Economic Journal, October 2004, Vol. 71 No. 2, p.441-458.

Crowder, William J. and Mark E. Wohar "A Cointegrated Structural VAR Model of the Canadian Economy," Applied Economics, February 2004, Vol. 36 No. 3, p.195-213.

Crowder, William J. and Mark E. Wohar, "The Changing Long-Run Linkage Between Yields on Treasury and Municipal Bonds and the 1986 Tax Act," Review of Financial Economics, January 1999, Vol. 8 No. 2, p.101-119 .

Crowder, William J., Dennis L. Hoffman and Robert H. Rasche. "Identification, Long-Run Relations, and Fundamental Innovations in a Simple Cointegrated System," Review of Economics and Statistics, February 1999, Vol. 81 No. 1, p.109-121.

Crowder, William J. and Mark E. Wohar, "Are Tax Effects Important in the Long-Run Fisher Relation?: Evidence from the Municipal Bond Market," Journal of Finance, February 1999, Vol. 54 No. 1, p.307-317.

Crowder, William J. and Mark E. Wohar. "Stock Price Effects of Permanent and Transitory Shocks," Economic Inquiry, October 1998, Vol. 36 No. 4, p.540-552.

Crowder, William J. "The Long-Run Relation Between Money Growth and Inflation," Economic Inquiry, April 1998, Vol. 36 No. 2, p.229-243.

Crowder, William J. "The Long-Run Fisher Relation in Canada," Canadian Journal of Economics, November 1997, Vol. 30 No. 4, p.1124-42.

Crowder, William J. and Mark E. Wohar, "Cointegration, Forecasting and International Stock Prices," Global Finance Journal, Winter 1998, Vol. 9 No. 2, p.181-204.

Crowder, William J. and Daniel Himarios. "Balanced Growth and Public Capital: An Empirical Analysis," Applied Economics, August 1997, Vol. 29 No. 8, p.1045-1053.

Crowder, William J. "A Note on Cointegration and International Capital Market Efficiency: A Reply," Journal of International Money and Finance, August 1996, Vol. 15 No. 4, p.661-664.

Crowder, William J. and Dennis Hoffman. "The Long-Run Relationship Between Nominal Interest Rates and Inflation: The Fisher Equation Revisited," Journal of Money, Credit and Banking , February 1996, Vol. 8 No. 1, p.102-118.

Crowder, William J. "Purchasing Power Parity When Prices Are I(2)," Review of International Economics, June 1996, Vol. 4 No. 2, p.234-246.

Crowder, William J. "A Re-examination of Long-Run PPP: The Case of Canada, the UK, and the US," Review of International Economics February 1996, Vol. 4 No. 1, p.64-78.

Crowder, William J. "The International Convergence of Inflation Rates During Fixed and Floating Exchange Rate Regimes," Journal of International Money and Finance, August 1996, Vol. 15 No. 4, p.551-575.

Crowder, William J. "The Dynamic Effects of Aggregate Demand and Supply Disturbances: Another Look," Economics Letters, September 1995, Vol. 49 No. 3, p.231-237.

Crowder, William J. "Covered Interest Parity and International Capital Market Efficiency," International Review of Economics and Finance, 1995, Vol. 4 No. 2, p.115-132.

Crowder, William J. "Foreign Exchange Market Efficiency and Common Stochastic Trends," Journal of International Money and Finance, October 1994, Vol. 13 No. 5, p.551-564.

Crowder, William J. and Anas Hamed. "A Cointegration Test for Oil Futures Market Efficiency," Journal of Futures Markets, December 1993, Vol. 13 No. 8, p.933-941.

Crowder, William J. "Purchasing Power Parity over the Modern Float: An Application in Higher Order Cointegration," Economics Letters, November 1992, Vol. 40 No. 3, p.313-318.

Working Papers

Crowder, William J., "The Convergence of Nominal Exchange Rates and Price Levels to the PPP Equilibrium." (PDF version)

Crowder, William J. "International Evidence on the Fisher Relation." (PDF version)

Crowder, William J. and Chanwit Phenpis, "Testing Futures Market Efficiency using Adaptive Estimation." (PDF version)

Crowder, William J., "Testing the Stationarity of Real Exchange Rates using Johansen Tests." (PDF version)

Crowder, William J., "Panel Estimates of the Fisher Effect." (PDF version)

Crowder, William J. and Robert J. Sonora, "Intra-National Evidence of the Fisher Effect." (PDF version)

Crowder, William J. and Craig A. Depken II, " Time Series Analysis of Market Structure: Evidence from OPEC, ". (PDF version)

Crowder, William J. "Identifying the Liquidity Effect." (postscript version) (PDF version)

Crowder, William J. "The U.S. Federal Intertemporal Budget Constraint: Restoring Equilibrium Through Increased Revenues or Decreased Spending." (PDF version)

Crowder, William J. "The Importance of Real Inovations in Explaining Real U.S. Dollar Exchange Rates: Evidence from the Yen-Dollar Excange Rate." (PDF version)

Crowder, William J. and Mark E. Wohar "Stock Prices, Dividends and Earnings: A Time Series Analysis ."(PDF version)

Crowder, William J. "Purchasing Power Parity During the Modern Float: A Look Behind the Panels."(PDF version)

Crowder, William J. "Real Innovations and Real U.S. Dollar Exchange Rates." (PDF version)

Crowder, William J. "Permanent Versus Transitory Changes in Money Growth and the Effect on the Term Structure." (PDF version)

Served as Referee

American Economic Review
Canadian Journal of Economics
Economic Journal
Economics Letters

Emerging Markets Finance and Trade
Empirical Economics

International Economic Journal
International Journal of Finance
International Review of Economics and Finance
International Journal of Finance & Economics
Journal of Applied Econometrics

Journal of Applied Economics
Journal of Business and Economic Statistics
Journal of Development Economics
Journal of Economic Integration

Journal of Economic Surveys

Journal of Empirical Finance
Journal of Finance
Journal of Financial Research
Journal of Futures Markets
Journal of International Economics
Journal of International Financial Markets, Institutions & Money
Journal of International Money and Finance
Journal of Macroeconomics
Journal of Money, Credit, and Banking

Oxford Bulletin of Economics and Statistics

Quantitative Finance
Quarterly Review of Economics and Finance

Review of Development Economics
Review of Economics and Statistics
Review of International Economics
Southern Economic Journal

The Manchester School

Scholarly Awards and Teaching Recognitions